The Moez Company uses a normal job order cost system. Other data:

$$ There are three jobs that pass through the two production departments.

$$ Job $401$ and Job $402$ were completed and sold during January.

$$ Job $403$ was not completed as of December $31,2022.$

$$ The company considers under$-$ or overallocated overhead immaterial.

Departments Actual Direct

Labor Rates

Budget Overhead

Driver Rates

Actual

Overhead

Department $1$ $ $12$ per hour $$10$ per machine hour $ $45,000$

Department $2$ $ $15$ per hour $150\%$ of direct labor cost $ $60,000$

Job $401$ Job $402$ Job $403$ Total

Work in Process $01/01/2022$ $$20,000$ $$34,000$ $$11,000$ $$65,000$

Direct materials:

Department $1$ $$40,000$ $$26,000$ $$50,000$ $$116,000$

Department $2$ $$5,000$ $$8,000$ $$12,000$ $$25,000$

Direct labor cost:

Department $1$ $$9,000$ $$12,000$ $$7,000$ $$28,000$

Department $2$ $$11,000$ $$16,000$ $$9,000$ $$36,000$

Machine hours:

Department $18001,2002,3004,300$

Department $2130250180560$

Place the information in T accounts and answer the following questions:

a$.$ What was the total allocated overhead during $2022?$

b$.$ What was the cost of work in process on December $31,2022?$

c$.$ What was the value of the cost of goods sold account before any adjustment for over$-$

or underallocated overhead?

d$.$ What was the value of the cost of goods sold account after any adjustment for over$-$

or underallocated overhead?

e$.$ Why would a company use machine hours to assign overhead in one department and

direct labor dollars in another department?

f$.$ If the company sells the jobs at a $20\%$ margin based on cost$,$ what was the selling

price of Job $401?$

$2$